- The dollar remains firm with a recovery tone in the market.
- AUD / USD falls for the third day in a row, for now with support at 0.7350.
The AUD / USD recovery met resistance at the 0.7385 zone and fell to 0.7360 from there. It is operating in negative territory for the third day in a row in a context of strengthening the dollar.
The green ticket Supported by a rise in Treasury yields, it posted a strengthening that looks stronger than a correction. DXY advances for the third day and is trading above 92.70, with the rebound from a month-long lows gaining strength.
Data from the US showed an increase in job openings to 10.93 million, beating expectations. The data had no major impact. Later on Wednesday lThe Federal Reserve will publish the Beige Book on the state of the economy. China’s retail inflation data will be released on Thursday, which may have an impact on the AUD and NZD.
In the short term, the bias of the AUD / USD is to the downside. This could change if there is a firm rally above 0.7425. Before this level there are resistances at 0.7400 and 0.7385. In the opposite direction, 0.7350 has become the key support, the break of which would point to further losses with a probable target of 0.7335.
Technical levels
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